Average-combined-ratio-for-selected-European-insurers-i

European P&C insurers face deteriorating CR in 2019

2018-12-06T12:30:00+00:00

European Property & Casualty insurers will likely experience a modest deterioration in combined ratios and investment returns in 2019.

Brexit

CNA Hardy’s post-Brexit structure approved

2018-12-05T17:18:00+00:00

CNA Hardy is the latest carrier this week to be given the green light for its Part VII transfer by the High Court of England and Wales.

Brexit-megaphone

Brexit – continuing to be heard

2018-12-05T12:58:00+00:00

London market lobbying group LMG says there is much work to be done ahead of “Brexit” regardless of what occurs in Westminster next week

Oliver-Bate

Allianz shares dip as CEO eyes M&A

2018-11-30T14:50:00+00:00

Shares in European Insurance heavyweight Allianz dipped today as investors contemplated an increased chance of a large-scale M&A deal.

Qudos-liquidation

Danish insurer Qudos enters liquidation as M&A dispute gears up

2018-11-27T14:00:00+00:00

New Nordic suing former owners Echelon for Eur 45.8mn following failure of settlement talks.

Christian-Noyer

Lloyd’s appoints Christian Noyer to Council and Brussels’ board

2018-11-27T14:50:00+00:00

Former French central bank governor Christian Noyer has been appointed non-executive director of the Lloyd’s Council, and independent non-executive director of Lloyd’s Brussels’ with effect from 2 November.

Donnet-generali-i

Generali shares rise on new strategic plan

2018-11-21T10:00:00+00:00

Italian insurance heavyweight Generali has pledged to pay higher dividends while unveiling a plan today to extend its global reach into the higher-growth markets of Asia and Latin America.

222 scor logo

Scor launches Paris-based European insurer to mitigate Brexit fallout

2018-11-21T17:20:00+00:00

Reinsurance powerhouse Scor has launched Scor Europe SE, a Paris-based P&C specialty insurance company designed to mitigate any business fallout following the UK’s departure from the European Union.

Hugh-Sturgess

Arch names Sturgess international insurance CEO

2018-11-21T10:44:00+00:00

Arch has named Hugh Sturgess as CEO of Arch Insurance International, effective 1 January 2019, succeeding Matt Shulman, who was recently named CEO of Arch Insurance North America.

Mapfre

Mapfre invests $28.5mn in Madrid-based tech venture fund

2018-11-21T11:44:00+00:00

Spanish (re)insurer Mapfre is to invest EUR25mn ($28.5mn) in Madrid-based B2B tech venture fund Alma Mundi Insurtech Fund.

Royal courts of justice (21177436249)

High Court approves TME’s Part VII transfer

2018-11-19T15:39:00+00:00

The High Court of England & Wales has approved the so-called Part VII process for Lloyd’s insurer Tokio Marine Kiln (TMK) to transfer its portfolio of Continental European liabilities to its new Luxembourg subsidiary, Tokio Marine Europe SA (TME).

UK & EU flags

It’s a (draft) deal! But what does it mean…?

2018-11-19T11:48:00+00:00

Confused by EU-UK developments last week? Chris Bryant, Bryan Cave Leighton Paisner, explains what the draft deal means for London market insurers writing EU business…

Lloyd's-Euro-flag

Lloyd’s: Europe is a growth market despite Brexit

2018-11-14T09:41:00+00:00

Despite the UK’s fast-approaching exit from the European Union, Lloyd’s chairman Bruce Carnegie-Brown says the market is targeting future growth in the European Economic Area higher than the industry average.

Thierry-Derez

Scor confirms belated resignation of Covea‘s Derez

2018-11-13T22:56:00+00:00

Scor has won another round in in its fight for independence with news today that non-executive director Thierry Derez has resigned from the reinsurer’s Board.

Trading-places--London-(re)insurers'-Brexit-locations-i

Markel Insurance SE receives regulatory green light on UK sub

2018-11-12T13:01:00+00:00

Richmond-headquartered Markel has announced its German insurance company Markel Insurance SE has received regulatory approval to operate a branch within the UK.

The-rise-of-the-alternative-market-i

German reinsurance heavyweights predict ILS slowdown

2018-11-09T15:56:00+00:00

There is growing speculation that the seemingly unstoppable rise of the ILS market – estimated by Aon Benfield to be at $98bn at mid-year – will slow down at 1.1 or possibly even shrink marginally.

Allianz flagge2

Allianz sees third quarter profit climb 21 percent

2018-11-09T10:19:00+00:00

Europe’s second largest insurer Allianz saw third-quarter operating profit surge 20.6 percent year-on-year, thanks largely to increased earnings in its P&C business, and has confirmed it remains on track to reach its 2018 profit target.

Phillippe Donnet Generali

Generali reports nine-month profit despite EUR305mn cat bill

2018-11-08T16:21:00+00:00

Italian carrier Generali reported an increase in operating profit in the first nine-months of the year which edged up 3.9 percent to hit EUR3.6bn.

Mapfre

Mapfre nine-month profit jumps 19 percent despite shrinking premium

2018-11-08T14:36:00+00:00

Spanish (re)insurer Mapfre has reported EUR 528.8mn ($604.8mn) net earnings for the first nine-months of the year – an increase of 18.9 percent from the same period in 2017.

Ulrich-Wallin-Hannover-re

Hannover Re posts 97 percent CR despite EUR271mn cat losses

2018-11-08T08:03:00+00:00

Hannover Re has posted a combined ratio of 96.8 percent for the third quarter despite the flurry of cat losses which cost the German reinsurer EUR271mn.